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Nonprofiteer
← NORTHEAST COLLEGE PREP

Form 990 for tax year 2022

Filed by NORTHEAST COLLEGE PREP.

Totals

Total revenue
$7,570,784
Total expenses
$7,368,159
Contributions and grants received
$7,528,804
Grants paid
$0
Program service revenue
$4,461
Investment income
$596
Other revenue
$36,923
Total assets, end of year
$3,824,074
Total liabilities, end of year
$5,573,995
Net assets or fund balances, end of year
-$1,749,921
Program services expenses (Part IX)
$6,433,668
Management and general expenses
$934,491
Fundraising expenses
$0
Program service expenses (Part III)
$6,433,668

Program services were 87.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $7,121,760

  • 1f · All other contributions, gifts and grants

    $407,044

  • 2a · Program service revenue: Fees from Patrons

    total $4,461 · related or exempt $4,461

  • 3 · Investment income

    total $596 · excluded $596

  • 10a · Gross sales of inventory

    $850

  • 10b · Cost of goods sold

    $890

  • 10c · Net income from sales of inventory

    total -$40 · related or exempt -$40

  • 11a · Other revenue: Pension Revenue

    total $36,963 · excluded $36,963

  • 11e · Other revenue, total

    $36,963

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $204,172 · program services $179,582 · management and general $24,590

  • 7 · Other salaries and wages

    total $3,230,679 · program services $2,841,589 · management and general $389,090

  • 8 · Pension plan contributions

    total $305,180 · program services $236,432 · management and general $68,748

  • 9 · Other employee benefits

    total $552,084 · program services $481,137 · management and general $70,947

  • 10 · Payroll taxes

    total $254,643 · program services $224,068 · management and general $30,575

  • 11b · Fees: legal

    total $3,009 · management and general $3,009

  • 11c · Fees: accounting

    total $99,900 · management and general $99,900

  • 11g · Fees: other

    total $1,164,497 · program services $1,102,339 · management and general $62,158

  • 13 · Office expenses

    total $1,682 · management and general $1,682

  • 14 · Information technology

    total $98,637 · program services $64,589 · management and general $34,048

  • 16 · Occupancy

    total $600,203 · program services $578,967 · management and general $21,236

  • 17 · Travel

    total $17,127 · program services $17,097 · management and general $30

  • 19 · Conferences, conventions and meetings

    total $45,801 · program services $45,591 · management and general $210

  • 20 · Interest

    total $421 · program services $421

  • 22 · Depreciation, depletion and amortization

    total $98,004 · program services $71,847 · management and general $26,157

  • 23 · Insurance

    total $16,855 · program services $16,855

  • 24a · Other expenses: Food

    total $307,129 · program services $302,024 · management and general $5,105

  • 24b · Other expenses: Supplies

    total $199,799 · program services $172,663 · management and general $27,136

  • 24c · Other expenses: Repairs/Maintenance

    total $97,247 · program services $59,113 · management and general $38,134

  • 24d · Other expenses: Leases/Rentals

    total $37,217 · program services $36,773 · management and general $444

  • 24e · All other expenses

    total $33,873 · program services $2,581 · management and general $31,292

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $413,330 · end of year $812,964

  • 3 · Pledges and grants receivable

    end of year $806,882

  • 4 · Accounts receivable

    beginning of year $1,031,715 · end of year $157,958

  • 9 · Prepaid expenses and deferred charges

    beginning of year $158,989 · end of year $85,097

  • 10a · Land, buildings and equipment: cost or other basis

    $787,868

  • 10b · Land, buildings and equipment: accumulated depreciation

    $298,561

  • 10c · Land, buildings and equipment, net

    beginning of year $543,366 · end of year $489,307

  • 15 · Other assets

    beginning of year $1,806,574 · end of year $1,471,866

  • 17 · Accounts payable and accrued expenses

    beginning of year $553,919 · end of year $608,473

  • 19 · Deferred revenue

    beginning of year $36,704

  • 25 · Other liabilities

    beginning of year $5,315,897 · end of year $4,965,522

  • 27 · Net assets without donor restrictions

    beginning of year -$1,952,810 · end of year -$1,750,185

  • 28 · Net assets with donor restrictions

    beginning of year $264 · end of year $264

Mission and programs · 2022

Mission

Northeast College Prep will ensure strong academic, social-emotional, and talent development in every member of its diverse student body, thereby positioning each student for college graduation, career success, and positive community impact.

  • Northeast College Prep has strived to succeed as a proof-point that all students, regardless of background, flourish when a school's entire staff deeply believes in the potential and fully commits to the success of each and every one. The organization focuses on grades K to 8. During fiscal year 2022, Northeast College Prep averaged 330 daily students.

    Expenses $6,433,668 · Revenue $4,421

As filed on the 2022 return.

Listed in Part VII

  • Rich Nazarian

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Jessica Waletski

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Joanna Schneider

    Secretary/Teacher

    Total calculated
    $83,139
    From this org
    $69,571
    From related orgs
    $0
    Other
    $13,568
    Hours/week
    41

  • Jessica Waletski

    Director

    Total calculated
    $0
    Hours/week
    1

  • Erica Ahlgren

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jessica Intermill

    Director

    Total calculated
    $0
    Hours/week
    1

  • Josh Crossan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Erika Sass

    Executive Director

    Total calculated
    $136,604
    From this org
    $117,740
    From related orgs
    $0
    Other
    $18,864
    Hours/week
    41

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • NECP ABC

    501(c)(3) · Own the building that the School leases · MN · controlled entity

    Directly controlled by Northeast College Prep Charter School No 4219

Provenance

Return type
form_990
Tax year
2022
Filed
29 February 2024
IRS schema version
2022v5.0
Source object
202420659349301507

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